Redhawk Wealth Advisors Inc. Boosts Stake in Altria Group, Inc. (NYSE:MO)

Redhawk Wealth Advisors Inc. boosted its holdings in Altria Group, Inc. (NYSE:MO - Free Report) by 49.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,327 shares of the company's stock after purchasing an additional 6,368 shares during the quarter. Redhawk Wealth Advisors Inc.'s holdings in Altria Group were worth $1,011,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MO. State Street Corp boosted its stake in Altria Group by 5.6% during the third quarter. State Street Corp now owns 73,481,686 shares of the company's stock valued at $3,821,831,000 after buying an additional 3,910,738 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Altria Group by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,508,314 shares of the company's stock valued at $2,935,224,000 after acquiring an additional 589,832 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Altria Group by 2.5% in the third quarter. Geode Capital Management LLC now owns 40,803,759 shares of the company's stock valued at $2,079,919,000 after purchasing an additional 1,003,605 shares in the last quarter. Legal & General Group Plc increased its position in Altria Group by 1.6% in the second quarter. Legal & General Group Plc now owns 12,355,509 shares of the company's stock worth $562,793,000 after purchasing an additional 191,236 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in Altria Group by 25.0% during the second quarter. AQR Capital Management LLC now owns 6,490,441 shares of the company's stock valued at $295,055,000 after purchasing an additional 1,299,703 shares in the last quarter. Institutional investors own 57.41% of the company's stock.

Altria Group Price Performance

MO stock traded up $0.10 during mid-day trading on Thursday, reaching $51.14. The company had a trading volume of 5,960,215 shares, compared to its average volume of 6,637,479. The firm has a 50 day moving average of $54.38 and a 200 day moving average of $51.91. Altria Group, Inc. has a 12 month low of $39.25 and a 12 month high of $58.03. The company has a market capitalization of $86.67 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 2.69 and a beta of 0.64.

Altria Group (NYSE:MO - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.35 by $0.03. Altria Group had a negative return on equity of 233.80% and a net margin of 42.82%. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same period last year, the business posted $1.28 EPS. Altria Group's quarterly revenue was up 18.6% on a year-over-year basis. Analysts anticipate that Altria Group, Inc. will post 5.12 EPS for the current year.

Altria Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 7.98%. The ex-dividend date of this dividend was Thursday, December 26th. Altria Group's payout ratio is 68.92%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Barclays lifted their price target on Altria Group from $45.00 to $46.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Altria Group from $52.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Morgan Stanley initiated coverage on shares of Altria Group in a research note on Thursday. They set an "equal weight" rating and a $54.00 price target for the company. Citigroup increased their price objective on shares of Altria Group from $44.50 to $48.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 8th. Finally, Bank of America upgraded Altria Group from a "neutral" rating to a "buy" rating and boosted their target price for the company from $55.00 to $65.00 in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $53.43.

Altria Group Profile

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.